Friday, July 17, 2009

More Health Care Tax Reax

Matt Yglesias wants to cap deductibility of itemized deductions and double the federal alcohol tax. I think this would be more expensive for me than the surtax.

Ezra Klein, in an otherwise snarky set of "rules" for commenting on the CBO's testimony yesterday thinks health insurance benefits should be subject to tax.

Conor Clarke likes both.

Awesome takedown by The Awl of a ridiculous NY Post story yesterday on the effect on NY taxpayers of the surtax.

And Seton Hall law professor Frank Pasquale arguing that the 5.4% surtax on millionaires is not high enough!!!.

Hysterics aside, what he means is that we should have more tax brackets and not tax someone earning $350,000 the same as someone earning $35,000,000. I.e., there's the "rich" (although reasonable people can disagree whether a family bringing in $350,000 is "rich" or just "well off") and the RICH (think Bill Gates or Warren Buffett). Even the most dedicated redistributionist can see differences between those words (for one, I capitalized the second version of "rich"). (via Tax Prof Blog)

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